- published: 07 May 2016
- views: 1071
Net 10, Net 15, Net 30 and Net 60 are forms of trade credit which specify that the net amount (the total outstanding on the invoice) is expected to be payment received in full 10, 15, 30 or 60 days after the goods are dispatched by the seller, or 10, 15, 30 or 60 days after the service is completed. Net 30 or Net 60 terms are often coupled with a credit for early payment.
Net 30 is a term that most business and municipalities (federal, state and local) use in the United States. Net 10 and Net 15 is widely used as well. Net 60 is less used because of its longer payment terms. Legally speaking Net 30 means that buyer will pay seller in full on or before the 30th calendar day (including weekends and holidays) of when the Goods were dispatched by the Seller or the Services were fully provided. Transit time is included when counting the days, i.e. a purchase in transit for 7 days before receipt has just 23 additional days until payment is due to the seller. Net 30 payment terms typically have an interest penalty for not meeting these terms and they begin accruing on the 31st day after dispatch. The same happens with Net 60, but 60 days are given for payment, interest penalties begin on the 61st day and thus a purchase in transit for 7 days has now 53 days until payment is due to the seller.
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Can't Stand the Fact
You just turn your back
Who cares how I feel
Who knows what to say
Just Turn your back
Walk away
I dont need this
Not today
You walk away
You dont care what I say
Nothing can change your mind
I'm sick of feeling this way
Just turn your back
Walk away
I dont need this
Not today
Not today
Stop the pain
Not today
The pain wont go away
Not today......